AssuredPartners

FEBRUARY 17, 2022

For the thousands of federal contractors working under SCA regulations, that number is crucial for employee morale and the strength of an employer’s benefits package. The fringe rate is based on the latest Bureau of Labor Statistics Employment Cost Index summary of Employer Cost of Employee Compensation (ECEC).

Health and Welfare 97

Health and Welfare Paid Sick Leave Out of Pocket Cost Government 97

Benefit Resource Inc.

JANUARY 4, 2023

This is excellent news for employers and HR professionals who want to provide employees with access to affordable healthcare services. But what does this extension mean, and how can employers take advantage of it? HOW WILL THIS LAW AFFECT EMPLOYERS? A WIN FOR EMPLOYERS AND EMPLOYEES ALIKE. WHAT DOES THE EXTENSION INCLUDE?

Deductions 40

Deductions Deductible Out of Pocket Cost Healthcare 40

Best Money Moves

JUNE 1, 2022

Here’s how employers can support their teams cope with inflation with the right benefits choices. . Luckily, there are methods employers can use to help employees weather this period. Here are 5 benefits employers can use to help employees cope with inflation. Improved Retirement Benefits. Health Care Assistance.

401(k) 102

401(k) Out of Pocket Cost Benefits Package Finance 102

Fringe Benefit Analysts

AUGUST 15, 2023

Deciding if the cost of dental insurance is worth it requires considering how much you may spend annually on dental services. Participation in a dental plan provides a low-cost way for employers to provide a more robust book of benefits to their employees. was $128.75 per person.

Insurance 98

Insurance IT Out of Pocket Cost Health Insurance 98

InterWest Insurance Services

MARCH 4, 2022

As rising health insurance premiums and out-of-pocket costs for health care are burdening workers, more employers are looking for ways to help their staff put aside money for those expenses. Employers fund these accounts, which reimburse your staff for qualified medical expenses and, in some cases, insurance premiums.

Medical 98

Medical Health Insurance Out of Pocket Cost Deductions 98

The Workcomp Writer

NOVEMBER 15, 2023

Employer Refuses Reimbursement Request When the claimant provided his law firm employer with the CBD oil prescription and receipts for its purchase, the law firm refused to reimburse the claimant’s out-of-pocket CBD oil expenses on the basis that CBD oil was not a pharmaceutical drug. The employer appealed to the Board.

Medical 52

Medical Out of Pocket Cost Workers’ Compensation Pharmaceutical 52

Higginbotham

JULY 12, 2022

This may be a good option for employers that want to simplify their health plan administration while giving employees flexibility. Even with health insurance, dental insurance and vision insurance, employees tend to end up with some out-of-pocket costs that aren’t covered by their various plans. Funds do not expire.

Out of Pocket Cost 52

Out of Pocket Cost Flexible Spending Account Medical Deductions 52

HR Professionals Magazine

NOVEMBER 1, 2023

This has been the norm for many years, though, and in tedious reality, audits are rare, and things seem to work out. On December 27 th , 2020, the Consolidated Appropriations Act of 2021 (the ‘CAA’) was signed into law, and it includes several provisions designed to increase transparency in healthcare pricing. But what if that changes?

Medical 52

Medical Management Out of Pocket Cost Healthcare 52

HR Professionals Magazine

MARCH 2, 2022

While these changes may not be top-of-mind at the moment, it is critical employers understand them and take steps to comply when appropriate. A series of new requirements are going into effect aimed at increasing transparency in health coverage with the hope of lowering costs and eliminating surprise medical bills for consumers.

Out of Pocket Cost 52

Out of Pocket Cost Flexible Spending Account Deductions Deductible 52

AssuredPartners

AUGUST 5, 2021

The Laws Two federal laws that have been finalized in the last year require greater transparency regarding the cost of certain prescription drugs and medical services. The Transparency in Coverage Final Rule On October 29, 2020, the U.S. Papers copies must be made available upon request.

Out of Pocket Cost 69

Out of Pocket Cost Insurance Carriers Pharmaceutical Insurance 69

Best Money Moves

NOVEMBER 4, 2020

Managing employee healthcare costs in 2021. What the average health insurance premium costs and changes employers are making to health benefits offerings in the new year. According to the Kaiser Family Foundation, the average annual premium is $7,470 for single coverage and $21,342 for family coverage in 2020.

Healthcare 111

Healthcare Out of Pocket Cost Voluntary Benefits Management 111

InterWest Insurance Services

SEPTEMBER 23, 2022

But the costs of coverage can be daunting and many employers worry about whether they can afford benefits programs and struggle to set a budget that won’t deplete or severely dent their profits. That said, 53% offered health benefits in 2020, including 48% of businesses with three to nine employees. The considerations.

Health Insurance 98

Health Insurance Out of Pocket Cost Insurance Paid Leave 98

Griffin Benefits

MARCH 9, 2022

When considering prescription drug cost savings, plan sponsors know where to look: the cost of specialty drugs. Specialty drug treatments accounted for approximately 52% of pharmacy spending in 2020, and when 2021 is fully accounted for, that number is expected to increase. Focus on fundamentals for Rx cost savings.

Pharmaceutical 52

Pharmaceutical Out of Pocket Cost Management Manufacturing 52

Higginbotham

DECEMBER 6, 2021

Employer Takeaway The IRS generally encourages reporting entities to furnish statements as soon as they are able. Therefore, the IRS has discontinued the transitional good faith relief after tax year 2020. New Rule Requires Reporting of Medical and Prescription Drug Costs. As a result, the general furnishing deadline (Jan.

Out of Pocket Cost 52

Out of Pocket Cost Manufacturing Electronics Medical 52

Higginbotham

MARCH 17, 2022

29, 2020, the Departments of Labor (DOL), Health and Human Services (HHS) and the Treasury (Departments) issued a final rule regarding transparency in coverage. Employer Takeaway. Employers with self-funded plans should work with their carrier/TPA to ensure compliance. Employer Takeaway. Links and Resources .

Health Insurance 52

Health Insurance Out of Pocket Cost Insurance Health Savings Account 52

AssuredPartners

OCTOBER 17, 2022

Employers who sponsor self-funded health plans should coordinate with their self-funded TPA and pharmacy benefit manager (PBM) to ensure timely reporting of the required data. to promote prescription drug pricing transparency and (b) promote competition that can combat the high cost of prescription drugs. What is the mandate?

Health Insurance 98

Health Insurance Out of Pocket Cost Insurance Carriers Manufacturing 98

AssuredPartners

JULY 14, 2020

The Trump administration, for some time now, has been working to allow certain organizations to opt-out of offering birth control to employees without "},{"attributes":{"italic":true},"insert":"also"},{"insert":" providing an alternate coverage arrangement and this ruling is certainly a tentative fulfillment of those efforts.

Health and Welfare 52

Health and Welfare Out of Pocket Cost Employment Hospitality 52

McNees

JANUARY 19, 2021

The Consolidated Appropriations Act, 2021 (“Act”), signed by President Trump on December 27, 2020, contains several provisions affecting employee benefits. The distribution applies to certain federal disasters declared between January 1, 2020 and February 25, 2021, but excludes COVID as a disaster.

Employee Benefits 40

Employee Benefits Flexible Spending Health Insurance Pension 40

AssuredPartners

DECEMBER 16, 2020

For example, grandfathered plans do not have to cover essential health benefits, can choose to be exempt from covering certain preventive services (including women’s contraceptives) without employee cost-sharing, and are not constrained by the ACA provisions on limiting annual out-of-pocket costs for employees.

Out of Pocket Cost 40

Out of Pocket Cost Deductions Deductible Health Savings Account 40

Best Money Moves

MARCH 27, 2020

It’s difficult to estimate how much you might owe for Coronavirus/COVID-19 treatment if you were to test positive and were admitted to a hospital, but a rough estimate in The New York Times found that the total cost could be over $20,000 — with an individual’s out-of-pocket costs running around $1,300.

Health Insurance 61

Health Insurance Utilities Out of Pocket Cost Insurance 61

AssuredPartners

MARCH 8, 2017

Many of us didn't see the wisdom in upsetting the employer-sponsored-healthcare market (150+ million Americans enjoy coverage from their employer) in order to expand the coverage pool for another 40 million Americans. So, the tax exclusion for employer-provided plans remains in place. Medicaid wind-down.

Out of Pocket Cost 40

Out of Pocket Cost Health Savings Account Taxes Insurance 40